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The Good Stewards Podcast: Property Insurance

3/20/2020

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Well, we're in the midst of a pandemic, so best to sit back in quarantine and listen to a good podcast on real estate investing. This episode of The Good Stewards Podcast takes a look at insurance; a topic that often gets forgotten amongst the sexier real estate topics. But that doesn't mean it's not important. So brush up on it!
Episode 12: Choosing Your Market Niche
Episode 13: Maintenance and Collections
Episode 14: How We Bought a Package of 97 Houses
Episode 15: Raising Private Capital
Episode 16: Using Data for Marketing
Episode 17: The Dreaded HOA
Episode 18: HELOC's
Episode 19: Hiring and Firing
Episode 20: A "Wholetale" Example
Episode 21: A Guide to Partnerships
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China Could Have Stopped the Coronavirus

3/19/2020

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While we debate whether calling the Coronavirus the "Chinese virus" is racist; which quick aside, neocon warmonger David Frum has some incredibly deep thoughts about it:

Nobody calls the 1919-20 pandemic the Spanish flu anymore, and not because we are soft on the Inquisition. It's just not a useful way to name a disease.

— David Frum (@davidfrum) March 17, 2020
Literally everyone calls the Spanish Flu the "Spanish Flu." (And that virus didn't even start in Spain.)

But back to my point. On a much more serious note, China has really screwed the world. Whether you want to blame Trump for underplaying the virus, not preparing correctly, making gaffes or being pathetically petty, or Democrats for pushing back on Trump's travel restrictions, blather about racism or wasting time on a pointless impeachment while the virus was brewing; what we can all agree on is that China's government screwed the world. 

From Axios,
Axios has compiled a timeline of the earliest weeks of the coronavirus outbreak in China, highlighting when the cover-up started and ended — and showing how, during that time, the virus already started spreading around the world, including to the United States.
​
Why it matters: A study published in March indicated that if Chinese authorities had acted three weeks earlier than they did, the number of coronavirus cases could have been reduced by 95% and its geographic spread limited.
Indeed, the Chinese Communist government is reminding me of the Soviet government as (more ore less accurately) portrayed in Chernobyl. Lies, lies, lies. And these lies will kill an untold number of people.

We absolutely must decouple our economy from China's. 
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The Good Stewards Podcast: How to Do Partnerships

3/18/2020

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This week on The Good Stewards Podcast, we take a deep dive into partnerships. Partnerships are fraught with challenges and often end up in hostile talks of dissolution. So when should you form a partnership, with whom and how should you set it up and work together? Well listen and you can find out:
Episode 11: Putting Systems in Place
Episode 12: Choosing Your Market Niche
Episode 13: Maintenance and Collections
Episode 14: How We Bought a Package of 97 Houses
Episode 15: Raising Private Capital
Episode 16: Using Data for Marketing
Episode 17: The Dreaded HOA
Episode 18: HELOC's
Episode 19: Hiring and Firing
Episode 20: A "Wholetale" Example
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Trump's Pettiness on Coronavirus is Becoming Infuriating

3/17/2020

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I first saw Trump as something of a clown when he started to run for office, but was thankful he knocked out both the Clinton and Bush families from power and hoped he would actually reign in our absurd foreign policy. He really hasn't and has become nothing more than Paul Ryan in a clown suit. (Although the Russiagate thing was an obvious hoax, so I definitely defended him on that.

But now we're facing a serious pandemic and Trump's clownishness is winning out. It's not just the gaffes regarding the disease (Anthony Fauci consistently corrects him) . It's not just the train wreck regarding getting coronavirus test kits out (which was the CDC's fault, but the buck still stops with Trump) or the disbandment of the NSC global-health unit (a decision made by death-loving, warmongering neocon John Bolton and then signed off on by Trump), it's the absurd pettiness. 

Yes, Trump did the right thing by restricting travel to China in January (although he should have done it sooner and harder) and Biden and other Democrats are being ridiculous by criticizing travel bans to places like Europe, but Trump was obviously caught flat footed. I'll wait to see if reports that he intentionally stopped preparation in fear of spooking the market as there have been so many false stories about Trump. But Trump also lies a lot and this fits with how he's behaved and his absurd obsession with the stock market. 

​But his pettiness at this point is all but beyond the pale to me.

Sleepy Joe Biden was in charge of the H1N1 Swine Flu epidemic which killed thousands of people. The response was one of the worst on record. Our response is one of the best, with fast action of border closings & a 78% Approval Rating, the highest on record. His was lowest!

— Donald J. Trump (@realDonaldTrump) March 13, 2020
Did Biden and Obama do a good job with H1N1? Probably not. Does it matter? No. Does H1N1 compare with the risk of coronavirus? Almost certainly not.

Then there's Trump's speech announcing a National Emergency, where there was this nugget,
I want to thank Google. Google is helping to develop a website. It’s going to be very quickly done, unlike websites of the past, 
Forget the question about whether this website has even started to be developed. This is an obvious shot at Healthcare.gov and really? Is this the right time?

All of his press conferences are filled with gaffes, excuses, deflection and "what about" Biden or whoever. His speeches are filled with pettiness. And it's basically impossible to lead when you're just being petty.
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Britain's Coronavirus Stragety is Nuts

3/16/2020

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From The Financial Times,
Italy has imposed a nationwide lockdown. Ireland has closed all schools, as has Denmark, which has also shut its border. France has cancelled large public events. One big European country, though, has adopted a noticeably less stringent approach to tackling coronavirus: the UK. It may be somewhat reassuring that Prime Minister Boris Johnson and his government, who have previously disparaged “experts”, appear to be acting on the basis of scientific advice. But this strategy represents a significant gamble.

​The UK has moved from the “contain” to “delay” phase of its counter-virus efforts. 
Indeed, the strategy has been described as this:
The strategy is to allow the virus to pass through the population.

​The key phrase we all need to understand is “herd immunity” – which is what happens to a group of people or animals when they develop sufficient antibodies to be resistant to a disease.
In other words, Britain is taking the  same approach as they did during the Black Death.

OK, this isn't perfectly fair. The goal is to "slow the spread" and "flatten the curve." But as Joshca Bach points out, this isn't a good approach at all. Regarding the United States (which isn't that much different than the UK),
The “flattening the curve” idea suggests that if we wash our hands and stay at home while being sick aggressively enough, we won’t have to stop the virus from becoming endemic and infecting 40% to 70% of all people, but we can slow the spread of the infection so much that out medical system can deal with the case load. This is how our normally distributed curve looks like when it contains 10.8 million patients, of which no more than 170,000 are ill at the same time.

​Dampening the infection rate of COVID-19 to a level that is compatible with our medical system means that we would have to spread the epidemic over more than a decade!
Here's Boscha's chart:
Picture
The curve needs to be destroyed, not flattened. Britain's approach could very well be disastrous.
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Coronavirus Exposes Insanity of Reliance on China

3/15/2020

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As the coronavirus continues to rage, it has become all the more evident that the United States' reliance on foreign trade, particularly with regard to China and particularly with regards to medical supplies is absurd and indefensible. As the FDA reports,
FDA data show that there is a total of 1,079 API facilities worldwide that make the 370 drugs on the WHO list that are marketed in the U.S.  Of these, 166 (15%) are in China, 221 (21%) are in the United States, and 687 (64%) are in the rest of the world. ​
API stands for Active Pharmaceutical Ingredient; namely the ingredients in the drugs so many Americans are reliant (often over-reliant) on.

But it gets worse.
...About 80 percent of the active pharmaceutical ingredients (APIs) used to make drugs in the United States are said to come from China and other countries like India. For example, the chemical starting material used to make doxycycline, the recommended treatment for anthrax exposure, comes from China. 
And now, China has threatened to cut the United States off from this essential trade,
In an article in Xinhua, the state-run media agency that's largely considered the mouthpiece of the party, Beijing bragged about its handling of COVID-19, a virus that originated in the city of Wuhan and has spread quickly around the world, killing nearly 5,000 people and infecting thousands more. The article also claimed that China could impose pharmaceutical export controls which would plunge America into "the mighty sea of coronavirus."
This from the country that unleashed this virus (possibly accidentally from a biolab) and most other outbreaks it seems (i.e. SARS and Bird Flu). How we could ever have allowed our country to become so reliant on trade from such an unreliable partner is unbelievable. Those who allowed it to happen need to pay a price too.
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Breaking: Live Footage of Alex Jones DWI Arrest

3/11/2020

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The Good Stewards Podcast: Step-by-Step "Wholetale" Deal Analysis

3/10/2020

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On this episode of The Good Stewards Podcast, Ryan goes over one of his "wholetale" deals (kind of like a wholesale, but with actually closing the property and maybe doing a tiny bit of work). These step-by-step deal analyses can be very helpful so if you're interesting in wholesaling, wholetaling, flipping or any sort of direct marketing in real estate, check it out:
Episode 10: Long-Term Financing
Episode 11: Putting Systems in Place
Episode 12: Choosing Your Market Niche
Episode 13: Maintenance and Collections
Episode 14: How We Bought a Package of 97 Houses
Episode 15: Raising Private Capital
Episode 16: Using Data for Marketing
Episode 17: The Dreaded HOA
Episode 18: HELOC's
Episode 19: Hiring and Firing
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From Funny to Sad: Biden is Clearly Not of Sound Mind

3/9/2020

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The other day I posted a brief clip of Joe Biden and noted a few of his worst gaffes over the past few days. At that time I thought it was rather funny. At this point, it's just getting sad as I think it's getting more and more obvious that this is real dementia and not just a joke of an old, gaffe-prone man making lots of mistakes. We are actually witnessing a man descend into senility. Here The Hill compiles some of his worst moments on the campaign trail;
Caitlin Johnstone put together a list of 30 recent examples of Biden clearly showing his brain no longer works right. Indeed, she transcribed one debate answer that I think is worth reading in its entirety,
“Well they have to deal with the — Look, there is institutional segregation in this country. And from the time I got involved I started dealing with that. Redlining. Banks. Making sure that we’re in a position where — Look, talk about education. I propose that what we take is those very poor schools, the Title 1 schools, triple the amount of money we spend from 15 to 45 billion a year. Give every single teacher a raise that equal raise to getting out — the sixty-thousand dollar level.
​

“Number two: make sure that we bring into the help the — the student, the, the teachers deal with the problems that come from home. The problems that come from home. We need — We have one school psychologist for every fifteen hundred kids in America today. It’s crazy. The teachers are reca — Now, I’m married to a teacher. My deceased wife is a teacher. They have every problem coming to them. We have make sure that every single child does in fact have three, four, and five year-olds go to school — school, not daycare. School. We bring social workers into homes of parents to help them deal with how to raise their children. It’s not that they don’t wanna help, they don’t want — they don’t know quite what to do. Play the radio, make sure the television, the — ‘scuse me, make sure you have the record player on at night, the-the-the-the phone, make sure the kids hear words. A kid coming from a very poor school, a very poor background, will hear four million words fewer spoken by the time they get there.”
No way someone of sound mind rattled off all of that.

So barring a miracle from Comrade Bernie, we're looking at a senile old man versus the reality TV show host... this is why we had to invade Iraq, Afghanistan, Libya and Syria. We must protect this sacred democracy at all costs!
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The Enemy of Basic Math

3/8/2020

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These people demand the right to decide what is real and what is "fake news" I remind you:
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    Andrew Syrios

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